Quotation Schirg, Florian, Lettl, Christopher. 2012. Winning by Losing - Motivations of Participants in an Extreme Form of Innovation Tournament. 10th International Open and User Innovation Workshop, Harvard Business School, Cambridge, Boston, Vereinigte Staaten/USA, 30.07.-01.08..


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Abstract

The presented study aims at exploring the motivation of participants in large-scale innovation competitions. Besides a range of systematic differences to classical innovation tournaments, an additional contrast becomes salient: These tournaments such as the X-Prize offer very large prizes, yet the amount of prize money awarded does not attain the level of investment needed for actually claiming the prize. In Innocentive-style competitions, prize money offers a clear incentive to participate. Underlying motivations in such extreme settings, where it even appears to be economically irrational to participate, so far have remained unexplored.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Paper presented at an academic conference or symposium
Language English
Title Winning by Losing - Motivations of Participants in an Extreme Form of Innovation Tournament
Event 10th International Open and User Innovation Workshop
Year 2012
Date 30.07.-01.08.
Country United States/USA
Location Harvard Business School, Cambridge, Boston
URL http://userinnovation.mit.edu/conf2012

Associations

People
Schirg, Florian (Former researcher)
Lettl, Christopher (Details)
Organization
Entrepreneurship and Innovation IN (Details)
Strategy, Technology and Organization IN (Details)
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